India: BASIX Sub-K raises $5.4m from Accion, Nordic Microfinance, others

Indian Rupee: Bloomberg

Hyderabad based BASIX Sub-K iTransactions Ltd, a technology company focused on financial inclusion, has raised nearly $5.4 million (Rs 35 crore) in funding from global nonprofit and financial inclusion firm Accion and Nordic Microfinance Initiative (NMI), among others, it said in a statement.

NMI is a public-private partnership owned by the Norwegian and Danish governmental funds for developing countries (Norfund and IFU).

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